Categories: Business

CBI files case against 2 companies in Union Bank fraud case

Union bnak
Image Source: PTI

new Delhi. The CBI has today registered a case against two Delhi-based companies on a complaint of fraud. Companies have been accused of causing a loss of about Rs 53 crore to Union Bank. A case has also been registered with the companies against their 2 directors and employees of the bank.

According to the bank's complaint, one of these companies related to the gem business had taken a loan from the bank, while the other company was the guarantor of the company taking the loan. It is alleged that the guarantor company had pledged the already sold property to the bank with the help of forged documents. The lending company did not pay its debt and has been declared NPA. This has caused a loss of Rs 53 crore to the bank.

Only after the bank's complaint, the investigating agency registered a case against both the companies and started investigation. A complaint has also been filed against 2 panel advocates and one employee of the bank in this case.

This post was published on June 4, 2020 9:02 pm

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